EC proposes economic partnership deal with Japan

SarahTurner

SYDNEY (MarketWatch) -- The European Commission on Wednesday sounded out member states for a economic partnership agreement with Japan, the Nikkei reported Thursday. A similar deal signed between Europe and South Korea last year sparked an increase in Korean car exports to Europe and European auto makers are opposed to extending the agreement to Japan, according to the report. The European Commission hopes to start talks on a agreement to facilitate free movement of goods, money and people between the two markets in the autumn, the report stated.

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